Saginaw Medical Federal Credit Union

It can pay to check out savings and checking account deals with local credit unions. The Saginaw Medical Federal Credit Union has competitive savings rates for people who are employed by, retired from, or volunteer for any health care business in the Saginaw, MI area.

If you have an account at the credit union but move out of the area, you can still remain a member as long as you keep at least $5 in the account.

The credit union has a Rewards checking account with a 5% annual percentage yield (APY) on balances up to $25,000. Details of the checking account include:

• $50 minimum opening deposit
• No minimum balance
• No monthly fees
• Balances over $25,000 earn a 0.5% APY
• Refunds of ATM surcharge fees

To earn the highest interest rate on the checking account, you must make at least 12 debit card signature-based transactions each month, sign up for online banking and e-statements, and set up direct deposit.

MoneyPlus money market accounts require a minimum balance of $2,500. The money market account includes:

• Six withdrawals per month
• Free checks
• Minimum withdrawal of $500
• Dividends paid monthly on the average balance

Saginaw Medical Federal Credit Union has offered financial services to its members since 1971.

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